TITLE

Dear Feds: Thanks for Nothing

AUTHOR(S)
Lashinsky, Adam
PUB. DATE
May 2010
SOURCE
Fortune;5/3/2010, Vol. 161 Issue 6, p30
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
This article discusses how Wells Fargo was opposed to the U.S. government's efforts to step in and save the U.S. banking system during the crisis of 2008 and 2009. Wells Fargo received $25 billion in TARP funds, but it has repaid them with interest and now has robust earnings and a higher stock value. Chief executive officer John Stumpf still asserts that Wells Fargo helped in the economic recovery and that he only recently will give some credit to the government's efforts.
ACCESSION #
49733591

 

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